Steelman Telecom IPO vs Vedant Asset IPO

Comparision between Steelman Telecom IPO and Vedant Asset IPO.

IPO Details

Steelman Telecom IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Vedant Asset IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Steelman Telecom IPO	Vedant Asset IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Gretex Corporate Services Limited	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Steelman Telecom IPO is up to ₹26.02 Cr whereas the issue size of the Vedant Asset IPO is up to ₹3.00 Cr. The final issue price of Steelman Telecom IPO is ₹96.00 per share and of Vedant Asset IPO is ₹40.00 per share.

	Steelman Telecom IPO	Vedant Asset IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹96.00 per share	₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	3000 shares
Fresh Issue Size	18,97,200 shares	7,50,000 shares
Fresh Issue Size (Amount)	up to ₹18.21 Cr	up to ₹3.00 Cr
OFS Issue Size	8,13,600 shares
OFS Issue Size (Amount)	up to ₹7.81 Cr
Issue Size Total	27,10,800 shares	7,50,000 shares
Issue Size Total (Amount)	up to ₹26.02 Cr	up to ₹3.00 Cr

IPO Timetable

Steelman Telecom IPO opens on Sep 26, 2022, while Vedant Asset IPO opens on Sep 30, 2022. The closing date of Steelman Telecom IPO and Vedant Asset IPO is Sep 29, 2022, and Oct 04, 2022, respectively.

	Steelman Telecom IPO	Vedant Asset IPO
Anchor Bid Date
Issue Open	Sep 26, 2022	Sep 30, 2022
Issue Close	Sep 29, 2022	Oct 04, 2022
Basis Of Allotment (Tentative)	Oct 07, 2022	Oct 10, 2022
Initiation of Refunds (Tentative)	Oct 10, 2022	Oct 11, 2022
Credit of Share (Tentative)	Oct 10, 2022	Oct 12, 2022
Listing date (Tentative)	Oct 10, 2022	Oct 12, 2022
Anchor Lockin End date 1	Nov 06, 2022	Nov 09, 2022
Anchor Lockin End date 2	Jan 05, 2023	Jan 08, 2023

Financials

Steelman Telecom IPO P/E ratio is 23.41, as compared to Vedant Asset IPO P/E ratio of 80.

Steelman Telecom IPO

Vedant Asset IPO

Financial

Steelman Telecom Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	3621.76	8794.62	-22.91	985.21	486.61
31-Mar-21	3698.44	9015.5	137.64	1149.14	650.54
31-Mar-22	4525.76	10116.31	396.58	1540.72	1042.12
Amount in ₹ Lakhs

Vedant Asset Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	83.13	61.23	3.4	5.38	4.38	74.32
31-Mar-21	239.16	113.47	8.68	214.22	13.06	17.4
31-Mar-22	254.63	167.23	13.81	228.03	26.87	0
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

99.99%

Promoter Shareholding (Post-Issue)

71.98%

72.83%

P/E Ratio

23.41

Market Cap

₹92.89 Cr.

₹11.05 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Steelman Telecom IPO retail investors (RII) are offered 9,02,400 shares while in Vedant Asset IPO retail investors are offered 9,02,400 shares. Qualified institutional buyers (QIB) are offered 12,86,400 shares in Steelman Telecom IPO and in Vedant Asset IPO.

	Steelman Telecom IPO	Vedant Asset IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,35,600 shares	42,000 shares
QIB	12,86,400 shares
NII	3,86,400 shares	3,54,000 shares
RII	9,02,400 shares	3,54,000 shares
Employee
Others
Total	25,75,200 shares	7,08,000 shares

Bids Received (Subscription)

Steelman Telecom IPO subscribed 22.40x in total, whereas Vedant Asset IPO subscribed 49.07x.

	Steelman Telecom IPO	Vedant Asset IPO
QIB (times)	7.78x
NII (times)	70.09x	42.98x
Big NII (times)
Small NII (times)
RII (times)	22.82x	55.16x
Employee (times)
Other (times)
Total (times)	22.40x	49.07x

Compare with others

Steelman Telecom IPO	Vedant Asset IPO
Phantom Digital Effects IPO	Swastik Pipe IPO
Frog Cellsat IPO	Trident Lifeline IPO
Pace E-Commerce Ventures IPO	Steelman Telecom IPO
Swastik Pipe IPO	Reetech International Cargo IPO
Trident Lifeline IPO	Cargotrans Maritime IPO
Reetech International Cargo IPO	Cargosol Logistics IPO
Cargotrans Maritime IPO	Silicon Rental Solutions IPO
Vedant Asset IPO	Lloyds Luxuries IPO
Cargosol Logistics IPO	Concord Control Systems IPO
Silicon Rental Solutions IPO	Maagh Advertising IPO

Comments

Add a public comment...